FINWIRES · TerminalLIVE
FINWIRES

Winsome Resources Says Second Court Hearing for Proposed Acquisition By Li-FT Power Scheduled For May 11

By

Winsome Resources (ASX:WR1) said the second court hearing for the proposed acquisition of the firm by Li-FT Power via a scheme of arrangement is scheduled for May 11, according to a Monday Australian bourse filing.

Li-FT Power also proposed to acquire 100% of the unlisted options in Winsome by way of an option scheme.

The court will consider whether to approve the share scheme following the vote at the share scheme meeting and, if necessary, the option scheme following the vote at the option scheme meeting.

Related Articles

Asia

Sojitz's Profit Slides 6.3% in Fiscal 2025

Sojitz's (TYO:2768) profit attributable to owners of the parent fell 6.3% to 103.6 billion yen in fiscal 2025 from 110.6 billion yen a year earlier.The company's earnings per share declined to 494.95 yen from 513.74 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue rose 9.9% to 2.757 trillion yen in the year ended March 31 from 2.510 trillion yen in the prior year.The company declared a final dividend of 82.50 yen per share, payable from June 10For the fiscal year ending March 31, 2027, Sojitz expects attributable profit of 130 billion yen and basic EPS of 622.55 yen.Sojitz plans to pay interim and year-end dividends of 90.00 yen per share each for the year, higher than the amount paid a year ago.

TYO:2768
Asia

Yamato's Profit Plunges Down 64% in Fiscal Year 2025

Yamato (TYO:1967) profit attributable to owners of the parent plunged 64% to 13.7 billion yen in fiscal year 2025 from 37.9 billion yen a year earlier.The Japanese general contractor's basic earnings per share decreased to 43.07 yen from 111.87 yen a year ago, according to a Tokyo bourse filing on Thursday.Operating revenue increased 5.8% to 1.865 trillion yen for the year ended March 31, from 1.762 trillion yen in the previous fiscal year.Yamato declared a final dividend of 23 yen per share.For fiscal year 2026, the company expects attributable profit of 24 billion yen, basic EPS of 75.79 yen and operating revenue of 1.920 trillion yen.Shares of Yamato rose more than 3% at market close.

TYO:1967
Asia

Mirae Asset Securities Upgrades Mphasis to Buy from Add; Price Target is INR2,690

Mphasis (NSE:MPHASIS, BOM:526299) has an average rating of overweight and mean price target of 2,716.19 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:526299NSE:MPHASIS